Transfer penalty inappropriate because real property was sold for current market value.
Docket Number: ******* , Decision Date: January 10, 2017
Attachment: Click here to download the decision.
A nursing home resident proved that his property was worth significantly less than was alleged by the Division of Family and Children Services by submitting the affidavit of a realtor and a retroactive broker’s price opinion. Therefore, DFCS’s assessment of a transfer of assets penalty was inappropriate.